Entry of goods in SEZ

[saket s]

Hello,

Whether equipment/material taken on lease be entered in SEZ on returnable basis?

[Shilpi Jain]

Is the question whether SEZ can take an equipment on lease?

[saket s]

Yes, whether SEZ can take equipment on lease, on returnable basis.

[Raghunandhaanan rvi]

Sir

Yes, SEZ units are allowed to import goods on a lease basis. This means that Special Economic Zone (SEZ) units have the permission to import goods for processing, manufacturing, or production using various methods, including import on a loan basis.

It is important to note that SEZ units must obtain permission from the zone's development commissioner and customs for such imports. Therefore, verifying the details with the relevant customs and SEZ authorities is recommended before proceeding with these imports.

AI Summary

SEZ leased equipment imports permitted, subject to prior permission from development commissioner and customs authorities. SEZ units are permitted to import equipment or material on a lease or loan (returnable) basis for processing, manufacturing, or production, but such imports require prior permission from the zone's development commissioner and customs and must comply with the applicable import and clearance formalities.